Why Shares of Senomyx, Inc. Popped Today

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Senomyx (NASDAQ: SNMX  ) jumped as much as 12.6% in early trading today after announcing a new partnership.

So what: Senomyx is partnering with PepsiCo (NYSE: PEP  ) to continue its Salt Taste Program, which is trying to identify modifiers to "restore the desired salty taste in products with reduced salt." Pepsi is funding the research and will have non-exclusive rights to salt flavor modifiers.  

Now what: Financial terms of this deal weren't disclosed so it's very hard to quantify the impact long term. It's also unknown what will be discovered in the program. At the very least, this is an incremental positive for Senomyx, but with losses piling up, I'd like to see earnings turn around or hear more about the financial upside of this Pepsi deal before jumping in.

Three stocks poised to be multibaggers
The one sure way to get wealthy is to invest in a groundbreaking company that goes on to dominate a multibillion-dollar industry. Our analysts have found multibagger stocks like Netflix time and again. And now they think they've done it again with three stock picks that they believe could generate the same type of phenomenal returns. They've revealed these picks in a new free report that you can download instantly by clicking here now.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2909086, ~/Articles/ArticleHandler.aspx, 9/3/2014 3:49:22 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement